. >> he lets the country's natural beauty inspired new hero again ventures -- and speyer -- inspire new heroic adventures. >> that is all the time we have. thank you for watching.

in january, developer tishman speyer gave two manhattan apartment complexes on which it had borrowed $4.4 billion back to its creditors, including the california teachers pension fund. current market value-- $1.8 billion. and in february, the mortgage bankers association sold its washington headquarters, on which it owed $75 million, for $41 million. continued ownership, said the m.b.a., would be economically imprudent. >> yes, i'm defaulting. yes, i'm walking away. but i'm not going to keep running a business that is losing money as the days go on. >> reporter: so a lot of folks aren't bothered by walking away any more than they're embarrassed by having bought during the boom-- the latest one or, for that matter, the one that created this corner of florida in the late '50s, when the rosen brothers, a couple of salesmen from baltimore, thought to develop cape coral. historian gary mormino. >> they bulldozed everything over, they brought in an aggressive commissioned sales force, they brought tourists to cape coral by airplane. if you forgot your checkbook to make your down payment, t